Business Ethics
POSCO, a public listed company in NYSE, is gorverned by Foreign Corrupt Practices Act of 1977 (FCPA) under United States of America. As a result, all employees of POSCO Group must strictly comply with it, as well as the principles of ethics and Code of Ethics set by POSCO in all aspects of business.
POSCO enacted the code of ethics in 2003 that must be adhered to by all employees, and explicitly included the US Human Rights that claim to support respect for human life and dignity in 2014. At this time, POSCO has amended the code of ethics with tighter ethical standards according to the intent of management innovation that places the highest value on ethics in management.
This is how we all can proudly preserve the credibility of POSCO as we know it today, formed by the blood, sweat, and tears of our founding members.
Code of Ethics
As part of POSCO Group, we seek to become a trusted and respected enterprise by deeply understanding that ethical management is the greatest value we must uphold in order to co-exist and co-prosper with our stakeholders and society. We must comply with laws and ethics based on the ethical management philosophy of “doing the right thing in the right way,” and we pledge to comply with the Code of Conduct and to ensure that ethics and integrity are at the heart of our culture and business operations.
Supplier Code of Conduct
POSCO Supplier Code of Conduct (“Code of Conduct”) sets out the details of the basic principles that Supplier must comply with in conducting various business activities, including commitments to a safe workplace environment, the treatment of workers with dignity and respect, and moral and ethical business management.
As part of POSCO Group, we operates business in line with applicable national and international laws, with integral stipulations and guidelines. We expects all suppliers and their subcontractors (collectively, “Supplier”) to share these values and act accordingly.